Tower Research Capital LLC TRC Sells 685 Shares of First Business Financial Services, Inc. (NASDAQ:FBIZ)

Tower Research Capital LLC TRC lowered its holdings in First Business Financial Services, Inc. (NASDAQ:FBIZ) by 47.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 762 shares of the financial services provider’s stock after selling 685 shares during the period. Tower Research Capital LLC TRC’s holdings in First Business Financial Services were worth $31,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in shares of First Business Financial Services during the third quarter worth $100,000. New York State Common Retirement Fund increased its position in First Business Financial Services by 70.7% in the fourth quarter. New York State Common Retirement Fund now owns 3,866 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,601 shares during the period. 1834 Investment Advisors Co. acquired a new stake in First Business Financial Services in the fourth quarter worth about $257,000. Riverwater Partners LLC raised its holdings in First Business Financial Services by 2.7% during the 4th quarter. Riverwater Partners LLC now owns 14,490 shares of the financial services provider’s stock worth $581,000 after purchasing an additional 382 shares during the last quarter. Finally, Uncommon Cents Investing LLC lifted its position in First Business Financial Services by 4.3% during the 4th quarter. Uncommon Cents Investing LLC now owns 36,255 shares of the financial services provider’s stock valued at $1,454,000 after purchasing an additional 1,485 shares during the period. Institutional investors own 60.07% of the company’s stock.

First Business Financial Services Trading Up 1.3 %

NASDAQ:FBIZ traded up $0.47 during mid-day trading on Friday, hitting $35.30. The company had a trading volume of 4,417 shares, compared to its average volume of 13,111. The firm has a market cap of $292.64 million, a P/E ratio of 8.13 and a beta of 0.79. First Business Financial Services, Inc. has a fifty-two week low of $24.57 and a fifty-two week high of $41.03. The business’s fifty day moving average is $34.62 and its two-hundred day moving average is $35.22. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.08 and a current ratio of 1.09.

First Business Financial Services (NASDAQ:FBIZ) last issued its quarterly earnings data on Friday, April 26th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.09). The firm had revenue of $62.54 million for the quarter, compared to analyst estimates of $37.47 million. First Business Financial Services had a net margin of 15.48% and a return on equity of 13.51%. As a group, research analysts expect that First Business Financial Services, Inc. will post 4.56 earnings per share for the current year.

First Business Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, May 9th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 2.83%. First Business Financial Services’s payout ratio is 23.04%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FBIZ. Raymond James lifted their price target on shares of First Business Financial Services from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Piper Sandler reaffirmed an “overweight” rating and set a $44.00 target price on shares of First Business Financial Services in a report on Monday, March 18th.

First Business Financial Services Company Profile

First Business Financial Services, Inc operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals in Wisconsin, Kansas, and Missouri.